1301 11th Street
Property Overview
Large 11 unit building in the heart of Santa Monica. Offered at $314 per foot and $271,000 per unit. 9,485 square ft. building. There is nearly 40% upside in gross rental income when accounting for future vacancies. Excellent unit mix: 3 two-bedroom one bathroom and 7 one-bedroom one bathroom and 1 studio apartment, 8 onsite parking. Landlord will deliver 2 adjacent one car garages vacant. Located at 11th and Arizona, across from the Broad Stage. All units are occupied. Please do not walk on the property or disturb tenants. Inside with acceptable offer. Rent roll and OM are attached under docs. Expenses are estimated at 35% including new property tax, excluding management expense. All units have private patio or balcony.
Home Details
- Property type
- Residential Income
- Year built
- 1957
- Living area
- 9,485 sq ft
- Lot size
- 7,477 sq ft
- Parking
- 8 spaces
- Garage
- 3 spaces
- Carport
- 5 spaces
- Stories
- 2
- Days on market
- 19
- MLS status
- Active
- Zoning
- SMR3*
Features & Amenities
Appliances
- Dishwasher
- Disposal
- Refrigerator
Parking
- Carport
- Door Single
- Garage
Community, Schools & Utilities
Utilities
- Heating
- WallFurnace
- Cooling
- WallWindowUnits
Location & Neighborhood
Frequently Asked Questions About 1301 11th Street
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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